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WorksheetsATA R2R knowledge Check
Total questions: 28
Worksheet time: 19mins
How well do you understand the R2R Process?
I feel very confident in understanding R2R!
I'm not sure.
I feel very unconfident about R2R.
I need more training in R2R
Who is the main client point of contact (POC) for the BPO team?
Jeff
Doh
Tori
Yvan
What are the main expense allocations that need to be calculated and posted during the month-end close?
Facility allocation. GL account: 67800
IT allocation. GL account: 67850
Telephone allocations. GL account: 67500
Health benefits: GL account 60500
In the facilities and IT allocations activity, what are the departments that need to be "zero" when the allocations across departments are completed in the workbook?
4210 and 4240
9100 and 9200
1000 and 2000
How many bank accounts does Atara have?
2:
10120 SVB Checking, 10160 US Bank
3:
10120 SVB Checking, 10160 US Bank, 10212 SVB Sweep account
4:
10120 SVB Checking, 10160 US Bank, 10212 SVB Sweep account, and 11510 Restricted Cash
Most of the cash journal entries are pre-populated automatically via integration between SVB bank and D365.
True
What is the mos common difference that we will get in the bank reconciliations at the end of the month?
cash recipts
Outstanding checks
vendor payments
For the investments reconciliation, what are the names of the reports that you need to download from Clearwater analytics portal?
“standard month-end” and the “standard month-end GAAP”.
"Monthly statement" and "quarterly statement"
Order the step to submit an automated journal entry on D365:
Go to D365. General journal
Select the line
Click on Validate and come back out
Click on workflow and click on Submit
For the sales and use tax support activity, how many GL accounts do you need to download the account details from the trial balance on D365?
5
8
10
In the sales and use tax support process, what is the invoice information that should be completed in the excel file? (select all that apply)
State (ship to)
invoice amount
sales tax
non taxable amount (service fees or shipping)
What is the minimum amount for an individual fixed asset capitalization?
$1000
$10000
$25000
When is Laura's birthday?
May 15th
Dec 5th
August 26th
In the fixed asset process, what is APIS?
(a)
What is the first step where the accounting team will learn about new assets placed in service?
The monthly facilities meeting
monthly accounting meeting
email from David
Order the steps of how to put an asset in service in D365 after its booking, according to the fixed assets capitalization SOP.
Go to Fixed Assets > Journal entries > Fixed asset journal
Click on New, On new line added, select Fixed Asset Acquisition
Go to Proposal > Acquisition proposal, to bring new asset booked
Change the offset account for 16700
Click on Validate > Simulate posting. Workflow > Submit
Which accounting activities can be done during the month and not necesarily during the month-end close?
Sales & use tax support
allocations
Bank reconciliations
Fixed assets capitalization
When submiting an automated journal entry (daily cash entries), what is the only exception where you need to attach a support into the journal entry?
credit card refunds over $500
cash receipt from Pierre Fabre
Sweep account redemption
What is the time zone and location of most of the employees at Atara?
PST, California
CST, central time
EST, Miami
Which are the prepaid expenses that we should amortize during the month-end close?
14500 Prepaid insurance
14900 prepaid other
18860 prepaid asset long term
14200 prepaid software
When a vendor provides a service that covers several months (for example, software), what is the minimum amount the service invoice should have to be considered a prepaid expense and to be amortized over the months indicated in the invoice?
$25000
$20000
$50000
prepaid expenses should not be amortized
During the fixed assets reconcilation, when verifying the Fixed Assets Rollforward sheet, which differences should be reviewed with more attention?
Differences abover $25000
Differences above $10000
All differences should be analyzed
To prepare the fixed assets accrual, the main source of information is the PO register.
True
False
Order the steps to run the automated depreciation on D365:
Go to D365, to Fixed Asset Journal
Click on “New” and a new line will appear
On Name column, indicate “Fixed Assets Depreciation”
On Description column, add the month preparation
Click on “Proposal”, and indicate “Depreciation Proposal”
In the bank reconciliations, which are some examples of cash incoming or inflows?
Payment from Riger Pharmaceuticals (office sublease)
Payments from Pierre Fabre
Payroll payments
AP auto-debit entry
When doing the bank reconciliations, all the outstanding checks should be completed in the sheet "atara checking uncleared"
Account (a) is the master account (clearing account) where the rest of departments book the assets obtained, in process or finally put in service
What is the main business of Atara?
Biotechnology company that develops therapies for patients with cancer and autoimmune conditions
Pharmaceutical company that develops many types of medicines
